Boehringer Buys Antibody-Drug Conjugates Biotech NBE For €1.18bn

Second Acquisition In ROR1 Space In A Month

10 Dec 2020

Following in the wake of Merck & Co's acquisition of VelosBio, the German major is spending big to get hold of the Swiss oncology biotech NBE-Therapeutics which is also targeting the ROR1 protein.

Boehringer Ingelheim GmbH is the latest pharmaceutical company to identify receptor tyrosine kinase-like orphan receptor 1 (ROR1) as a viable target to treat cancer by splashing out €1.18bn to acquire Switzerland's NBE Therapeutics AG.

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